PwC Entertainment and Media Outlook, Part 2: United States results

Yesterday we shared the top-down global overview from PwC’s Entertainment and Media Outlook. Today’s we’ll drill down into the report’s data specifically for the United States. The results point toward projected total entertainment and media revenue of $666.13 billion in 2017. Music revenue in the U.S. is projected to hit $18.3 billion in 2017 with a CAGR of 5.596% for the report period. Continue Reading

PwC Entertainment and Media Outlook, Part 1: Global results

PwC has published its 18th Global Entertainment and Media Outlook 2017-2021. The annual report offers intensive analysis of several entertainment industries around the world. For music, the outlook seems positive for a digital future, with streaming expected to be the top source of global revenue for the sector. If that prediction bears out, 2017 would be the first year when digital revenue will exceed physical sales on a worldwide scale. Today we’ll dive into the global data, and tomorrow will focus on just the U.S. analysis. Continue Reading

Gen-Z: The YouTube generation that can’t live without it

A new survey from AdWeek measures youth attachment to YouTube in a more dramatic light: 50% of Gen-Z respondents (from a survey field of 1,500) said they “could not live without” YouTube. Nearly all respondents (95%) use YouTube to some extent. Gen-Z’ers are just starting to emerge into the adult marketplace, unfamiliar with non-digital life and paying for daily media content. Continue Reading

2016 round-up: Music industry results from around the world

In the first few months of every new year, trade bodies from all corners of the globe reflect on their successes of the previous 12 months. Those analyses offer a snapshot of the music industry and the trends that cross national borders. For 2016, the results generally reflected a continued increase to the share of revenue delivered by streaming. Continue Reading

IFPI 2016 report sees global streaming revenue up 60.4%

The IFPI published its annual global music report reflecting on the industry’s 2016 performance. Global revenue increased 5.9% to $15.7 billion. Digital revenue rose 17.8% to $7.8 billion, enough that it now has a 50% share of the global music industry’s total. “If the digital market continues to grow, so too will the overall level of remuneration to artists, as will the levels of overall investment required to create new music whilst helping to drive digital innovation,” IFPI CEO Frances Moore said. Continue Reading